Location
EXECUTIVE SUMARY:
Country Club Manor is a well-maintained, quiet, multifamily community just off I-69 on the northside of Lansing Street as you head towards downtown Charlotte. These buildings were built in 1960 and contain 26 units. The property offers a diversified and extremely competitive unit mix comprised of 9 one-bedroom units with approximately 565 square feet of living space, and 17 two-bedroom units with approximately 870 square feet of living space. The landlord is responsible for the water, gas, and electric in the common areas. The building has electric radiant heating which the tenants are responsible for their own electric.
Currently Country Club Manor is operating at 84.62% physical occupancy, which is below historical levels. However, the improved rents ownership is achieving on renewals and new leases are impressive.